What are the concerns? Escheatment (unclaimed property) compliance can seem like a daunting challenge for operators, family offices and others in the Oil & Gas industry. There are no shortcuts, and understanding how the requirements apply to you is the most important step to ensure you are operating within reporting guidelines. Eddye Dreyer Financial Services has decades of experience with regulatory filing and escheatment law. Let us help keep you on the track to full compliance. Mineral interests, royalty payments and land leases can be complicated by a simple… read more
Following the move to remote work for our almost 100 employees in the Spring of 2020, two themes became clear for the Partners of Eddye Dreyer Financial Resources and The Resource Group: The bond between our employees and their clients is strong, resolute and compassionate, and exists in a place outside of a sterile bookkeeper/client; and Our Company’s pursuit of an enhanced client experience through technology will continue to make us better. Client-Employee Relationships are Paramount Upon purchasing EDFS and TRG, employees continually expressed how important their relationships with clients… read more
Are you ready to outsource your Oil & Gas bookkeeping? How do you know when it is time? Here are a few tips to make sure outsourcing is right for you.
Small business owners often wear many hats but at some point, the need to scale prompts the need to delegate certain roles and functions. Not every entrepreneur or business owner is a financial wizard, and the accounting functions within the business often are the first things to get moved off the owner’s plate. But with that comes inherent risk. Small businesses typically have a much higher rate of being affected by fraud than large organizations which have more resources to maintain levels of administrative protection and technological securities. Small departments… read more
United States crude production, led by the shale revolution, hit peak production of more than 13 million barrels per day (bpd) in 2020. After a decades long slump in field production and having assumed a position as a net importer of oil, the transformative resurgence in production flipped America to a net exporter of hydrocarbons and positioned the nation as a pivotal player in the balance of global supply and demand for petroleum. Unfortunately, the collapse in demand for crude oil and refined products caused by the economic shut down… read more
Choosing to outsource part of your team can be a difficult decision. Who you partner with is essential to being successful which is why at Eddye Dreyer Financial Services, it’s important for us to get to know our clients and have our clients get to know us. We sat down with our Vice President of Operations, Melinda Marks, and asked her to share more about her role and responsibilities at Eddye Dreyer. Melinda is a proud Texas native who hails from Grand Prairie. She is a graduate of Baylor University… read more